Air India’s buyer may have to bear cost of benefits to staff retiring post deal

The gratuity and medical liabilities would be in the range of Rs 180 crore per annum, which is about 0.6% of the total revenues as on date and would not cost the future owners a lot, according to the official. Air India has 16,077 employees, including 9,617 permanent employees that are entitled for gratuity and pensions.

from Transportation-Industry-Economic Times https://ift.tt/37BQtqA